.png)
FX Options, Spot and Forward Markets
Overview
This course offers a comprehensive exploration of the tools and strategies used in the currency markets, covering both foundational instruments and advanced financial products.
Participants will begin by mastering the essential tools of currency markets, including Spot FX, Forwards, FX Swaps, and Non-Deliverable Forwards (NDFs). The course will delve into the pricing mechanisms behind these instruments, as well as how they are utilised by customers for various hedging and trading strategies.
The course then moves into more advanced topics, expanding beyond the basics of currency options. After reviewing key concepts and terminology, participants will explore exotic options like barriers and digitals, examining their use in creating popular customer solutions. Additionally, the course will cover the latest 2nd-generation exotic structures, such as Accumulators, Faders, and Target Redemption products, offering insights into their practical applications and growing popularity in modern currency markets.
Learning Objectives
Gain clarity on FX market conventions, forward FX pricing, and the mechanics of carry trades, with real-world examples of structured products like PRDCs.
Learn how FX swaps work and their use cases in cash management, structuring synthetic assets, and sourcing cost-efficient funding.
Understand the mechanics, settlement, and customer applications of NDFs in managing exposure to non-convertible currencies.
Dive into FX option jargon, pricing methodologies, and standard option strategies, including convexity effects and option combinations.
Study the mechanics and pricing of barriers, digital options, and second-generation exotics like accumulators, faders, and target redemption structures.
Who the course is for
FX Sales, traders, structurers, quants
Financial engineers
Risk Managers
IT
Bank Treasury
ALM
Central Bank and Government Treasury
Funding managers
Insurance Investment managers
Fixed Income portfolio managers
Regulators
